Tyson Foods Inc.

Updated: November 23, 2009 - 9:12 PM

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Tyson Foods Inc.

The world's largest meat producer, based in Springdale, Ark., said on Monday a hefty impairment charge in its beef business left it with a $455 million loss for the fourth quarter. But all its business units, including chicken and pork, were profitable when excluding the $560 million noncash charge. Tyson lost $1.22 per share in the three months ended Oct. 3. That compares with a profit of $48 million, or 13 cents per share, a year ago. Tyson lowered the value of its beef segment with the $560 million charge, saying its cost of capital has gone up. Excluding the impairment charge of $1.50 per share, Tyson earned 28 cents per share. Sales rose slightly, to $7.21 billion, from $7.2 billion.

Hewlett-Packard Co.

Profit jumped 14 percent in the firm's latest quarter, proof that cost-cutting and a push into IBM Corp.'s stronghold of technology services is helping Hewlett-Packard absorb a falloff in sales. HP reported Monday after the market closed that it earned $2.4 billion, or 99 cents per share, in the period ended Oct. 31. That compares with $2.1 billion, or 84 cents per share, in the year-ago quarter.

Campbell Soup Co.

The company reported Monday that its first-quarter profit rose 17 percent, to $304 million, with the help of lower costs from increased efficiency in getting its products from its plants to store shelves, as well as lower prices for grain ingredients. But revenue fell 2.1 percent, to $2.2 billion, with dips in sales for most of its categories, ranging from condensed soup to Prego pasta sauce.

ASSOCIATED PRESS